How Does Accounts Payable Automation Software Work?

Processing your AP tasks manually stalls your ability to with agility and precisely respond to merchants which concludes with lengthier cycles, pricier processing costs, less authority, and as a result, displeased vendors. Wave’s Accounts Payable Automation Solutions for the Garland area enhances the end-to-end AP process. We can support SAP, Netsuite, Microsoft Dynamics, Oracle, and more with cloud-based Accounts Payable Automation or as an on-premise solution.

Built On State Of The Art Technology And Personalized To Your Organization Needs, Wave Accounts Payable Software Delivers:

Invoice Capture

Our advanced invoice capture feature ingests and coordinates invoices from multiple sources. OCR (optical character recognition) classifies and pulls out important content, erasing the propensity for errors and time related to with manual data entry.
Invoice

The invoice processor rapidly pinpoints and coordinates exceptions, automatically correlates POs, and routes invoices through the confirmation process which can be completed from your computer or mobile device.
Data Delivery

Data delivery universally works with any ERP tool including SAP, Oracle, NetSuite, or a customized portal.
Analytics

Get operational clarity into your AP workflow through real-time reporting, save time and money, and improve throughput.
Supplier Portal

The supplier portal allows vendors to both enter and manage their data, add attachments to facilitate communication, review the status of invoices or enter them directly, and monitor purchase orders. This adds better efficiency to your internal workflow, advances vendor relations, and minimizes inquiries, invoice matching errors, and total processing time.

AP Automation Benefits

According to PayStream Advisors, the total cost of invoicing is over $40 when processed manually. “Quicker approval of invoices” is routinely cited by users as the greatest perk of an automated system, right behind price. In fact, data capture and process efficiencies can enhance AP preparation time by as much as 81% and minimize operational prices by 92%.

Reduce Costs

Reduce expense by removing manual data entry and preparing.
Automate Processes

Boldly automate 90% or more of your AP operations, 3X cost savings as opposed to legacy operations, and 2% savings on annual expenditures.
No Late Payments

Completely eliminate past-due payments and missed deductions by automating AP.
Improve Compliance

Improve compliance with organizational protocols and controls.
Simplified Audits

Simplify audits with pre-determined actions.
More Control

Experience greater oversight and insight of budgeting.
Vendor Satisfaction

Enhance supplier relations and cut down the relationship through self-service portals.
Quicker Actions

More rapid queries and approvals.